Ethereum, XRP, ApeCoin, Fantom Price Analysis: March 21

As the global crypto market saw an improvement in sentiment over the past week, the 4-hour RSIs of Ethereum, XRP, ApeCoin and Fantom indicated a bullish tendency. However, the bulls still had to back up their rallies at higher volumes to claim a comfortable position above their critical supports.

ether (ETH)

Source: TradingView, ETH/USD

Since falling from the November highs, ETH has lost the vital $3,200 mark as the bears turned it into resistance. The bearish phase led ETH to lose more than half of its value as it plunged to its six-month low on January 24.

While the bulls were eager to secure the $2,300 base, the alt has gradually recovered since then. Recently, ETH bounced back from its two-month trendline support (white, dashed) and broke out of the down channel (yellow). Now, if the 20 EMA (red) jumped above the 50/200 EMAthe bulls showed a visible fringe.

At the time of writing, ETH was trading at $2,869.3. After a recent reversal of the overbought sign, RSI found support at the midline. A recovery from here could find a ceiling near the 58 mark.


Source: TradingView, XRP/USDT

Since it has fallen below its long run Checkpoint (POC, red) at $0.76, XRP fell to its six-month low on Jan. 22. After that, the bulls intervened to defend the long-term support at $0.62.

Consequently, with a rebound of more than 33% since then, XRP reversed the EMA ribbons to the bullish side. Meanwhile, it regained its position above the POC as the bulls stepped on the front foot. From here, the immediate resistance stood near the $0.83 mark before a possible pullback.

At the time of writing, XRP was trading at $0.8101. The CMF reflected a buying advantage when it hovered above the zero line. Moreover, the recent moves revealed a hidden bullish divergence with the price and confirmed the increasing money flows into the crypto.


Source: TradingView, APE/USD

While the Bored Ape Yacht Club announced the launch of its new crypto ApeCoin (APE) on March 17, it attracted a lot of attention from the public.

Shortly after launch, the price jumped towards $40 before returning to the $10-$15 range. At the time of writing, APE was trading at $10.96, down 4.79% over the past 24 months. o’clock. After securing the #45 rank on CoinMarketCap, the cryptos RSI revealed a bullish edge as it swung above equilibrium.

Phantom (FTM)

Source: TradingView, FTM/USDT

Since FTM has bounced back from the $3.32 level, the bulls have been unable to find a trend-changing rally. As a result, it lost nearly 70% of its value, reaching its six-month low on March 15.

While FTM maintained the $1 mark, it continued to mark lower highs until it flipped the critical $1,3 mark from support to immediate resistance. Now, a strong close above the 20 EMA (red) could increase the likelihood of a break above the resistance.

As of going to press, FTM was trading at $1.2673. The RSI saw a recovery from 42 support. It now showed a bullish edge as the buyers tried to adopt the trend in the near term. Nevertheless, the ADX showed a significantly weak directional trend for FTM.

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